MULTI-ASSET GROWTH Mean Deviation
| RAZAX Fund | | | USD 11.83 0.07 0.60% |
The Mean Deviation indicator for Multi Asset Growth Strategy is derived from observed market data. Broader indicator relationships are reflected within
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signals in nation.
Multi Asset Growth Strategy has current Mean Deviation of 0.3679. The mean deviation of the equity instrument is the first measure of the distances between each value of security historical prices and the mean. It gives us an idea of how spread out from the center the distribution of returns.
Mean Deviation | = | SUM(RET DEV)N |
| = | 0.3679 | |
| SUM | = | Summation notation |
| RET DEV | = | Sum of return deviations of MULTI-ASSET GROWTH |
| N | = | Number of calculation points for selected time horizon |
Mean Deviation Peers Comparison
Mean Deviation Relative To Other Indicators
Multi Asset Growth Strategy ranks first in mean deviation among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
6.87 of Maximum Drawdown per Mean Deviation. At
6.87 , Multi Asset Growth Strategy's Maximum Drawdown-to-Mean Deviation multiple reflects the spread between these metrics
Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation is typically much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.
Compare MULTI-ASSET GROWTH to Peers
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